The global metal coatings market is estimated to be valued at USD 10.52 Billion in 2016 and is projected to reach USD 14.34 Billion by 2026, at a CAGR of 6.1% from 2016 to 2026. In this study, 2015 has been considered the base year to estimate the market size. The report provides the short term forecast from 2016 to 2021, and the long term forecast from 2016 to 2026. This report aims to estimate the market size and future growth potential of the global metal coatings market across different segments such as type, technology, process application, and region. Factors influencing market growth such as drivers, restraints, opportunities, and industry-specific challenges have been studied in the report. The report analyzes the opportunities in the market for stakeholders and presents the competitive landscape for the market leaders.

The top-down and bottom-up approaches have been used to estimate and validate the size of the global metal coatings market and estimate the sizes of various other dependent submarkets. The research study involved the use of extensive secondary sources, directories and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government associations. Private & company websites have also been used to identify and collect information useful for the technical, market-oriented, and commercial study of the global metal coatings market. After arriving at the total market size, the overall market has been split into several segments and subsegments. The figure given below provides a breakdown of the primaries conducted during the research study, on the basis of company type, designation, and region.

The value chain for metal coatings begins with raw material manufacturers of environment-friendly as well as petroleum-based chemicals. These raw materials are procured by resin manufacturers and petrochemical companies. They manufacture different types of basic chemicals, additives, and pigments, which are then sold to metal coatings manufacturers. The resin is then procured by resin manufacturers, who sell their products to, coatings and composites manufacturers. The converted product manufacturers then market their products to molders and end-user companies after receiving the regulatory approvals. The maximum value is added at the manufacturing stage, as the basic chemicals are mixed and processed with other chemicals to achieve the desired coatings for specific applications.

This research report categorizes the global metal coatings market on the basis of type, process, technology, end-use industry, and region.

On the basis of Resin Type:

Polyester

Plastisol

Siliconized Polyster

Fluoropolymer

Polyurethane

Others

On the basis of Process:

Coil Coating

Extrusion Coating

Hot-Dip Galvanizing

On the basis of Technology:

Liquid Coating

Powder Coating

On the basis of End-Use Industry:

Building & Construction

Automotive & Transportation

Consumer Goods & Appliances

Marine and Protective Coatings

Others

On the basis of Region:

Asia-Pacific

Europe

North-America

Middle East

South America

Africa

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:

Regional Analysis:

Country-level analysis of the global metal coatings market by application.

Company Information:

Detailed analysis and profiles of additional market players.

The global metal coatings market is projected to reach USD 14.34 Billion by 2026, at a CAGR of 6.1% from 2016 to 2026. Metal coatings are used by various end-users such as building & construction, automotive & transportation, consumer goods & appliances, marine and protective coatings industries. Metal coatings are used in order to add specific surface properties, such as corrosion or oxidation resistance, color, attractive appearance, wear resistance, optical properties, electrical resistance, or thermal protection.

The market for the building & construction end-use industry was the largest in terms of volume in 2015. As metal coatings are widely used for protective coatings due to the superior properties, such as high adhesion, corrosion or oxidation resistance, color, wear resistance, optical properties. The coil coating process accounted for the largest market share in 2015. The global coil coating industry is witnessing high growth because of its increasing applications, and technological advancements. The liquid coating technology accounted for the largest market share in 2015 in terms of volume and value. Liquid coatings include a variety of custom formulations, ranging from solvent-based to high-solid/low-bake, waterborne finishes, and UV-curable technology, all designed to increase applied cost efficiency and help manufacturers to achieve better quality. Polyester resin type accounted for the largest market share in 2015 in terms of volume. Polyester resin based metal coatings have uniform properties, such as good bendability, hardness, gloss, and resistance to UV, chemicals, scratching, and light.

The Asia-Pacific region is expected to grow at the highest rate in the global metal coatings market, in terms of value and volume, from 2016 to 2021. The increasing demand from emerging economies, such as China and India, and the increased mega construction projects and the sales of high-end vehicles and consumer goods & appliances are expected to drive the growth of the Asia-Pacific metal coatings market.

Currently, China is the worlds largest consumer of metal coatings in terms of volume. Growth of the metal coatings market in China is driven by foreign investments, cost-effective labor, and the availability of inexpensive raw materials. The consumer goods & appliances industry is the largest industry in the country with double-digit growth, annually.

Though the metal coatings market is gaining importance, a few factors act as restraints to its growth in the global market. The volatility in raw material prices and restrictions on the use of hazardous chemicals, composite materials replacing painted aluminum and steel sheets in the building & construction industry, restricts the metal coatings market for the building & construction industry.